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{"id":525313,"date":"2023-04-03T02:17:43","date_gmt":"2023-04-03T02:17:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=525313"},"modified":"2024-06-11T14:34:46","modified_gmt":"2024-06-11T14:34:46","slug":"bitcoin-price-dips-again-28k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-dips-again-28k\/","title":{"rendered":"Bitcoin Price Dips Again As The Bulls Struggle To Push It To $30K"},"content":{"rendered":"

Bitcoin price is correcting lower from the $28,800 zone. BTC might gain bearish momentum if there is a clear move below the $27,500 support.<\/em><\/p>\n

\n
Bitcoin started another decline from the $28,800 resistance zone.<\/li>\n
The price is trading below $28,500 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $28,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start another increase unless there is a clear move below the $27,500 support.<\/li>\n<\/ul>\n
Bitcoin Price Corrects Lower<\/h2>\n
Bitcoin price managed to climb further higher above the $28,500 resistance level<\/a>. However, BTC struggled to gain pace for a move above the $28,800 and $29,000 levels.<\/p>\n
The recent swing high was formed near $28,595 before there was a downside correction. The price declined below the $28,200 support level and the 100 hourly simple moving average. The bears pushed the price below the $28,000 support zone.<\/p>\n
A low is formed near $27,578 and the price is now consolidating losses. Bitcoin price is now trading above $28,200 and the 100 hourly simple moving average<\/a>. There is also a key bearish trend line forming with resistance near $28,100 on the hourly chart of the BTC\/USD pair.<\/p>\n
An immediate resistance is near the $27,820 level. It is near the 23.6% Fib retracement level of the downward move from the $28,595 swing high to $27,578 low.<\/p>\n
$\"Bitcoin$ <\/a><\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
The next major resistance is near the $28,100 zone and the trend line. It is close to the 50% Fib retracement level of the downward move from the $28,595 swing high to $27,578 low. The main resistance is now forming near the $28,800 level. A clear move above the $28,800 level might pump the price towards the $29,200 resistance. Any more gains might call for a test of the $30,000 resistance zone.<\/p>\n
More Losses in BTC?<\/h2>\n
If bitcoin price fails to clear the $28,100 resistance, it could start another decline. An immediate support on the downside is near the $27,600 zone.<\/p>\n
The next major support is near the $27,500 zone. A downside break below the $27,500 support might spark a fresh decline. The next major support is near the $27,000 level, below which the price might test $26,600.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $27,500, followed by $27,000.<\/p>\n
Major Resistance Levels \u2013 $28,100, $28,500 and $28,800.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is correcting lower from the $28,800 zone. BTC might gain bearish momentum if there is a clear move below the $27,500 support. Bitcoin started another decline from the $28,800 resistance zone. The price is trading below $28,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $28,100 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start another increase unless there is a clear move below the $27,500 support. Bitcoin Price Corrects Lower Bitcoin price managed to climb further higher above the $28,500 resistance level. However, BTC struggled to gain pace for a move above the $28,800 and $29,000 levels. The recent swing high was formed near $28,595 before there was a downside correction. The price declined below the $28,200 support level and the 100 hourly simple moving average. The bears pushed the price below the $28,000 support zone. A low is formed near $27,578 and the price is now consolidating losses. Bitcoin price is now trading above $28,200 and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $28,100 on the hourly chart of the BTC\/USD pair. An immediate resistance is near the $27,820 level. It is near the 23.6% Fib retracement level of the downward move from the $28,595 swing high to $27,578 low. Source: BTCUSD on TradingView.com The next major resistance is near the $28,100 zone and the trend line. It is close to the 50% Fib retracement level of the downward move from the $28,595 swing high to $27,578 low. The main resistance is now forming near the $28,800 level. A clear move above the $28,800 level might pump the price towards the $29,200 resistance. Any more gains might call for a test of the $30,000 resistance zone. More Losses in BTC? If bitcoin price fails to clear the $28,100 resistance, it could start another decline. An immediate support on the downside is near the $27,600 zone. The next major support is near the $27,500 zone. A downside break below the $27,500 support might spark a fresh decline. The next major support is near the $27,000 level, below which the price might test $26,600. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $27,500, followed by $27,000. Major Resistance Levels \u2013 $28,100, $28,500 and $28,800.<\/p>\n","protected":false},"author":67,"featured_media":464343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1144,78790,76835],"class_list":["post-525313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Dips Again As The Bulls Struggle To Push It To $30K<\/title>\n<meta name=\"description\" content=\"Bitcoin price is correcting lower from the $28,800 zone. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Dips Again As The Bulls Struggle To Push It To $30K","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-dips-again-28k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-dips-again-28k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/shutterstock_764448946.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/shutterstock_764448946.jpg?fit=1000%2C577"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-04-03T02:17:43Z","datePublished":"2023-04-03T02:17:43Z","dateModified":"2024-06-11T14:34:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Dips Again As The Bulls Struggle To Push It To $30K\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-dips-again-28k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-dips-again-28k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_764448946.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_764448946.jpg?fit=1000%2C577\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-04-03T02:17:43Z\",\"datePublished\":\"2023-04-03T02:17:43Z\",\"dateModified\":\"2024-06-11T14:34:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/05\/shutterstock_764448946.jpg?fit=1000%2C577","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/525313"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=525313"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/525313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/464343"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=525313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=525313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=525313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}